Homeownership is a lovely thing, and it’s for anyone who can afford it. When you own a home, your life changes for the better, and you’re going to learn many new terms and concepts. One such term is HELOC. This stands for Home Equity Line of Credit, and it’s something...

If you have built up enough equity in your home, you might be in a position to qualify for a second mortgage. In short, a second mortgage is a new loan that you can take out on a home that already has a mortgage. Also known as a junior loan, a second mortgage does not...

One of the best ways to get some quick cash is to use a cash-out refinance to tap your home’s equity. This allows you to use that cash on something like remodeling, high-interest debt consolidation, and home improvements as well as any other financial goals you...

Lenders want you to borrow against your home equity. Due to increasing home values and a slow mortgage market, banks are starting to market home equity lines of credit. Home equity lines of credit are generally seen as a cheap source of credit. However, borrowing...

If you are looking to sell your home for a profit, it can really benefit you with substantial cash. However, when you are still living there, you won’t really gain much, or at least, the money is out of reach. The one exception to that rule is when you get the equity...

Homeowners are left with many options refinancing their home and borrowing money against the equity of their home. It’s just one of the many benefits of being a homeowner. Your home increases in value and leaves you able to pay for things you couldn’t otherwise afford...